Mortgage Tree

06/17/2026

💡 Could a Condo Be the Smartest First Step Into Homeownership?

Many first-time buyers feel priced out of the market… but a condo can be a great way to get started and begin building equity sooner.

📊 Example:
🏢 Purchase Price: $300,000 condo
💰 5% Down Payment: $15,000
📅 Estimated Mortgage Payment: approximately $1,650–$1,800/month depending on rate and amortization
🏷️ Average Condo Fees: often $350–$550/month depending on building and amenities

For comparison, the average apartment condo price in Calgary has recently been sitting around the mid-$300,000 range, making condos one of the more accessible entry points into the market.

💡 Your first home doesn’t need to be your forever home, it just needs to get you started.

📲 Curious what condo ownership could realistically look like for you? Let’s run the numbers together.
403-479-1134
www.mortgagetree.ca

06/15/2026

Did You Know? Paying Off a Loan Can Temporarily Affect Your Credit Score

It sounds backwards… but sometimes paying off a loan can cause a small, temporary dip in your credit score.
Why? 👇

When a loan is paid off:
• Your credit mix may change
• An active account is removed from your profile
• Your overall credit history can shift slightly

💡 The good news?
In most cases, this is temporary and paying off debt is still a positive financial move long-term.

What matters most to lenders is your overall financial picture, including:
• Payment history
• Debt levels
• Credit utilization
• Income and stability

📲 Have questions about how debt or credit changes could impact your mortgage plans? Let’s talk strategy before making major financial moves.
403-479-1134
www.mortgagetree.ca

06/12/2026

☀️ Dreaming of a Summer RV Lot in Alberta? How about a mountain time share? Perhaps a motorhome to travel the country?

For many Canadians 55+, a CHIP Reverse Mortgage can provide access to the equity in your home, without selling or making monthly mortgage payments.
That could mean:
🏕️ Purchasing a seasonal RV lot or time share getaway
🚐 Upgrading your retirement lifestyle

Whether it’s weekends at the lake, mountain getaways, or creating a summer retreat anywhere you please, your home equity may help make it possible.
💡 A CHIP Reverse Mortgage allows eligible homeowners to access tax-free cash while continuing to live in their home.
📲 Curious if this could work for your lifestyle goals? Let’s talk about your options.
403-479-1134
www.mortgagetree.ca

06/11/2026

📢 Bank of Canada Holds Rates Steady

The Bank of Canada announced yesterday that it is maintaining its overnight lending rate at 2.25%, continuing its wait-and-see approach as it balances inflation concerns with a slowing economy.

So what does that mean for Calgary buyers and sellers?

🏡 The Calgary market is continuing its shift toward more balanced conditions. Inventory has risen to 6,752 homes, giving buyers more choice than we've seen in recent years, while sales activity has moderated compared to last year. Detached homes remain relatively competitive, while apartment and row-style properties are seeing increased supply.

For buyers, stable interest rates provide some certainty when planning a purchase. For sellers, well-priced homes continue to attract attention, but strategic pricing and presentation are becoming increasingly important in today's market.

Whether you're considering buying, selling, or simply want to understand how today's market impacts your plans, let's connect and discuss your options.

www.mortgagetree.ca

06/10/2026

Mortgage Renewal Shock?

Many Canadians are facing higher payments at renewal as low-rate mortgages come to an end.

The good news? You may have more options than you think!

📈 Problem #1: Monthly payments are increasing too much
💡 Possible Solution: Extend your amortization to help reduce monthly payment pressure.

💳 Problem #2: Other debts are making cash flow tight
💡 Possible Solution: Debt consolidation through your mortgage may help lower overall monthly obligations.

🔄 Problem #3: Your current mortgage no longer fits your goals
💡 Possible Solution: Review different lenders, terms, and payment options instead of automatically signing your renewal offer.

💡 Renewal time is more than paperwork, it’s an opportunity to reassess your financial strategy.

📲 Before signing your renewal, let’s explore your options together.
403-479-1134
www.mortgagetree.ca

Mortgage Tree is a Mortgage Brokerage with Strong values and Social responsibility.

06/10/2026

Just announced…
Bank of Canada rate remains at 2.25%.

06/08/2026

🏡 House vs. Condo, It’s About More Than Just Price

When comparing a home and a condo, many buyers focus only on the mortgage payment… but the monthly costs can look very different. 👇

🏢 CONDO
• Monthly condo fees
May include heat, water, insurance, amenities, maintenance, snow removal, or landscaping
Less exterior maintenance responsibility
Often lower purchase price

🏡 HOUSE
No condo fees
More privacy and space
Responsible for all maintenance and repairs
Separate costs for utilities, landscaping, snow removal, and upkeep

💡 Condo fees aren’t always “extra money lost”, sometimes they cover expenses you’d still pay for in a house, just separately.

The key is understanding the full monthly picture and what fits your lifestyle best.
📲 Trying to decide between a condo and a house? Let’s look at the numbers together.
403-479-1134
www.mortgagetree.ca

06/06/2026

🎉🏈 Celebrating 10 Years of Mortgage Tree! 🏈🎉

What an incredible night celebrating our amazing Mortgage Tree team at the Calgary Stampeders home opener against the Winnipeg Blue Bombers!

Hosted by Kent Chapman, Troy Champ, and Colette Chapman, the evening was packed with VIP experiences, great company, and plenty of laughs. We enjoyed the TELUS Patio, an exclusive on-field sideline experience during warm-ups, and visits from some very special guests including Quick Six, Ralph the Dog, and Canadian Football Hall of Famer Jon Cornish. We even got up close to the Grey Cup in the Red & White Club and had some fun tossing footballs around on the field!

As Mortgage Tree celebrates our 10th Anniversary, nights like these remind us how fortunate we are to work alongside such an outstanding group of professionals. Your dedication, passion, and commitment to helping clients achieve their homeownership goals are what make Mortgage Tree such a special place.

A huge thank you to Nick Bojda, Director of Operations for the Calgary Stampeders, for being such a fantastic host and helping create an unforgettable experience.

Special thanks to our Mortgage Tree family who joined us:
🌲 Koalby Bojda
🌲 Melissa Legault
🌲 Andrea Galbraith
🌲 Dustin Torgerson
🌲 Chris Geen
🌲 Stephanie Dent
🌲 Joe Lenz
🌲 Justin Abernethy
🌲 Cheryl Montpetit (we missed you)
🌲 Krysta Donovan (we missed you)
James Clayton (we missed you)

Here’s to 10 amazing years and many more memories ahead! 🥂

06/05/2026

🚫 DON’T Do This Before Closing on Your Home

You’ve been approved for a mortgage… now it’s time to protect that approval until possession day.

Here are a few things buyers should avoid before closing 👇
• Financing a new vehicle
• Opening new credit cards
• Missing bill payments
• Switching jobs or changing income structure

Most people don’t realize lenders may review your finances again before funding your mortgage.
The goal? Keep everything as stable as possible until the keys are in your hands.

📲 Have questions before making a financial move during the buying process? Let’s talk first.
403-479-1134
www.mortgagetree.ca

06/03/2026

💡 Benefits of a Larger Down Payment (Beyond the Initial Purchase)
A larger down payment does more than just reduce the amount you borrow upfront.

It can also help:
• Lower your monthly mortgage payments
• Reduce the total interest paid over time
• Improve your mortgage approval strength
• Increase your home equity faster
• Potentially eliminate mortgage insurance requirements
Create more financial flexibility long-term

💡 While every situation is different, a larger down payment can provide both short-term and long-term financial advantages.

📲 Want to explore different down payment strategies? Let’s look at what makes the most sense for your goals.
403-479-1134
www.mortgagetree.ca